A Car payment if for suckers

[Bilz]

If you have good credit, car loans won't cost you much at all in interest. Car loans are only bad when you are financing a car that is more expensive than you can realistically afford and it becomes even worse if your credit is bad and you have a high interest rate.

Leasing is awful though. You aren't even allowed to drive your car much and you have a car payment forever. Plus you are responsible for all damage. Even if you're a good driver and take great care of your car, there is no way you can go three years without some idiot denting your door in a parking lot.

 

[winb83]

nikkaz not trying to buy and drive beaters. Got a wife and baby.

I'm fine with you risking your own safety and life, but I'm not going to risk mine to make you broke bad credit nikkaz feel good about your dumb opinion

I mean do what you do buy don't deceive yourself about it at the very least. That whole wife and kid spiel belongs in the pile right next to I'm buying this brand new car to save on gas or I'm buying this brand new car for piece of mind. There's a huge gap between driving a beater and paying $1000 a month on a car note. Your wife and kid would also be safe in a modest car. Doesn't have to be a beater.

Part of maybe ever breaking the cycle of debt is to stop lying to yourself about why you do what you do and most people are telling themselves the same lies. Wrapping a need around a whole lot of want and using the need to justify the want is self-deception.

I drive beaters cause I'm cheap as fukk in most aspects not because I'm broke or have bad credit. Don't confuse frugality with being broke because they're opposites. Being frugal is choosing to live well below your means being broke usually means living above your means. Broke people tend to love debt because it assist them in that. Lets them buy shyt they don't have the actual money for.

Or maybe you was calling me broke when you meant poor which I'm not either. You can make $250K a year and be broke. Broke just means you don't know how to manage resources.

 

[Truefan31]

I mean do what you do buy don't deceive yourself about it at the very least. That whole wife and kid spiel belongs in the pile right next to I'm buying this brand new car to save on gas or I'm buying this brand new car for piece of mind. There's a huge gap between driving a beater and paying $1000 a month on a car note. Your wife and kid would also be safe in a modest car. Doesn't have to be a beater.

Part of maybe ever breaking the cycle of debt is to stop lying to yourself about why you do what you do and most people are telling themselves the same lies. Wrapping a need around a whole lot of want and using the need to justify the want is self-deception.

I drive beaters cause I'm cheap as fukk in most aspects not because I'm broke or have bad credit. Don't confuse frugality with being broke because they're opposites. Being frugal is choosing to live well below your means being broke usually means living above your means. Broke people tend to love debt because it assist them in that. Lets them buy shyt they don't have the actual money for.

Or maybe you was calling me broke when you meant poor which I'm not either. You can make $250K a year and be broke. Broke just means you don't know how to manage resources.

The thought of being ok with a 1k car note

 

[PrnzHakeem]

The thought of being ok with a 1k car note

The thought of a 1K car note hurting my pockets



Y'all pay what you're comfortable with and I'll do the same.

 

[winb83]

The thought of being ok with a 1k car note

It's what they call conspicuous consumption. I'll be damned if some bank is gonna take $1000 a month from me for a car.

They got people going wild with monthly payments. They can pretty much charge people anything for an item these days and as long as they break it up into bite-sized payments people will pay.

I wouldn't care if I was a multimillionaire I'm not paying those monthly payments on a car.

 

[STEVE]

Once again, in case no one is paying attention, I will post this AGAIN:

DO NOT TAKE ANY ADVICE FROM ANY COLI POSTER ON ANYTHING ESPECIALLY RELATING TO LIFE/FINANCIAL MATTERS.

My Subaru will be paid off in the next year and you know what I'm gonna do? Trade that bytch in and get an even nicer one and still have a payment less than $200.

 

[The Refiner]

It's what they call conspicuous consumption. I'll be damned if some bank is gonna take $1000 a month from me for a car.

They got people going wild with monthly payments. They can pretty much charge people anything for an item these days and as long as they break it up into bite-sized payments people will pay.

I wouldn't care if I was a multimillionaire I'm not paying those monthly payments on a car.

And this is why cars cost so much these days. Example, it's quite possible to spend $30k+ on a Toyota or Nissan ...and it never used to be this way.

 

[The Refiner]

Once again, in case no one is paying attention, I will post this AGAIN:

DO NOT TAKE ANY ADVICE FROM ANY COLI POSTER ON ANYTHING ESPECIALLY RELATING TO LIFE/FINANCIAL MATTERS.

My Subaru will be paid off in the next year and you know what I'm gonna do? Trade that bytch in and get an even nicer one and still have a payment less than $200.

Forgetting, about the life-time car not you have....you seem to love full coverage insurance.

Why do ppl act like there are no cost associated to financing a car besides the car note? I'm simply only mentioning insurance.

Why do you think you'll get a fair trade in value? Dealerships are good at what they do.

I just have no desire to step foot in a car dealership...it's a losing battle...you think you won but you haven't.

 

[HookersandIceCream]

The thought of a 1K car note hurting my pockets



Y'all pay what you're comfortable with and I'll do the same.

It amazes me people don't understand
You can save/invest and still have nice things

 

[winb83]

It amazes me people don't understand
You can save/invest and still have nice things

There's a difference between nice things and paying $1000 a month for a car. That kinda stuff leads down a road of excessive consumption. You aren't parking that car in front of an inexpensive house. I mean you're at least living in a half a million dollar home to park that car in front of it. To be congruent with that car you'll just spend more and more. I'm not suggestion one shouldn't spend. I blow money all the time. Hell I just bought an almost $300 video game I plan to never open but that's not spending $40,000 extra on a car. For $60,000 I can get 3 brand new cars one a pick-up truck one a compact and one a mid-sized. For that same $60,000 I can probably get 7 solid used cars and drive a different car every day of the week and still have money left over.

 

[Truefan31]

The thought of a 1K car note hurting my pockets



Y'all pay what you're comfortable with and I'll do the same.

By all means do you. But to me that's insane. And 1000/month wouldn't hurt my pockets either

 

[Truefan31]

It amazes me people don't understand
You can save/invest and still have nice things

That's the point. Actually having nice things you can afford. You don't "have" a nice car, you have a car payment until you pay it off. The bank owns the car you driving til you pay them like a slave.

 

[Truefan31]

Once again, in case no one is paying attention, I will post this AGAIN:

DO NOT TAKE ANY ADVICE FROM ANY COLI POSTER ON ANYTHING ESPECIALLY RELATING TO LIFE/FINANCIAL MATTERS.

My Subaru will be paid off in the next year and you know what I'm gonna do? Trade that bytch in and get an even nicer one and still have a payment less than $200.

Don't have to listen to any of us. You obviously don't care about having a car payment. Do you. But you'd get more money selling it privately I'd imagine than trading it in at a dealer.

 

[Truefan31]

Forgetting, about the life-time car not you have....you seem to love full coverage insurance.

Why do ppl act like there are no cost associated to financing a car besides the car note? I'm simply only mentioning insurance.

Why do you think you'll get a fair trade in value? Dealerships are good at what they do.

I just have no desire to step foot in a car dealership...it's a losing battle...you think you won but you haven't.

Yeah there's a reason why they all gather and applaud you as you drive off in a new car. More times than not they finessed you lol

 

[winb83]

By all means do you. But to me that's insane. And 1000/month wouldn't hurt my pockets either

It should hurt your mind though. These easy to swallow wealth draining practices shouldn't fool you. Having a monthly income high enough to sustain paying that sort of money for a car doesn't make it a good idea. The opportunity cost of owning such an expensive car is astronomical.